German fiscal policy should turn expansionary
Oct 12, 2015 12:18 pm UTC| Commentary
During the first half of 2015, the general government of German ran a surplus of 1.4% of GDP, a much better outcome than initially expected, due to both strong tax receipts and low expenditures. Under our calculations, the...
Loonie trades near 10-week high vs. U.S. dollar
Oct 12, 2015 10:12 am UTC| Commentary Central Banks
Mondays session has been calm so far, but the US dollar found itself trading lower once again. The greenback came under renewed pressure on Monday with the pair was seen near ten-week lows, changing hands at around...
Recent price increase of gold probably driven by speculation
Oct 12, 2015 09:44 am UTC| Commentary
The gold price has risen to a seven-week high of nearly $1,170 per troy ounce as the week begins, finding support among other things from a weaker US dollar. With the price increases of the past two weeks, the technical...
US oil rig count falls by a good 1,000 within one year
Oct 12, 2015 09:36 am UTC| Commentary
The ICE will be publishing the corresponding data for Brent at lunchtime today, they are likely to paint a similar picture. Oil prices are resuming their upward trend as the new week of trading gets underway, boosted among...
U.S. soybean crop more pronounced
Oct 12, 2015 09:08 am UTC| Commentary
The soybean price rose slightly, as the USDA reduced its estimate of the U.S. soybean acreage by more than surveys had anticipated. At the same time, the increase in the yield estimate was merely marginal, with the result...
USDA lowers estimate for US corn crop just marginally
Oct 12, 2015 09:05 am UTC| Commentary
Friday saw the US Department of Agriculture (USDA) publish its latest forecasts of supply and demand on key agricultural markets. It had already been expected that the USDA would estimate a lower corn acreage in the US...
Strong increase of speculative net long positions in WTI
Oct 12, 2015 09:01 am UTC| Commentary
Oil prices remain on the up, Brent achieving $54 per barrel on Friday - its highest level since the end of August. Trading for a time at $51 per barrel, WTI reached its highest price in nearly three months, notes...